Jimmy Choo Plans London Listing

Luxury shoe brand Jimmy Choo plans to list its shares on the London Stock Exchange in October.

The shoe and accessories maker said on Tuesday that it plans to float at least a 25% stake. The firm didn't comment on how much money it will raise though the company's expected to be valued at more than GBP500 million ($800 million).

The IPO represents a partial divestment by current owner JAB Luxury. The privately-held firm is the luxury-goods arm of Joh. A. Benckiser, the investment wing of Germany's Reimann family, which acquired the brand in 2011.

"Jimmy Choo is a clear success story with strong momentum and I am confident that our future as a public company can only extend our reputation and position in this attractive sector," said Pierre Denis, Jimmy Choo's chief executive.

The firm, whose shoes were made famous by Hollywood actress Sarah Jessica Parker in the TV series Sex and the City, has lined up Merrill Lynch International is acting as sole sponsor, sole global coordinator and joint bookrunner for the IPO.

HSBC Bank PLC is acting as joint bookrunner and Germany's BHF-BANK is acting as co-lead manager.

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